Watch List notes:

ITALY, Kingdom of Italy. Umberto I. 1878-1900. AV Medal (53mm, 89.75 g, 12h). Exposizione Nazionale, Milan – Prize medal. By Barzaghi & Broggi. Dated 1881. UMBERTO I RE D'ITALIA, bare head left / ESPOSIZIONE NAZIONALE MILANO 1881, wreath with various implements of arts, agriculture, and industry. In NGC encapsulation graded MS 61 PL.

Ex Bolaffi 31 (29 November 2017), lot 1537 (part of).